Ever since the ancient Greeks, financial innovation has enabled more
people to purchase homes. Today is no different: in fact, responsible
financial innovation is now the best tool available for rebooting
crippled housing markets, improving their efficiency, and making housing
more accessible to millions. This accessible book tells decision makers
what they need to know about addressing the challenges and solutions
associated with the current housing slump, building on insights into the
past and exploring practical development strategies to bridge funding
gaps for the future.

Help entrepreneurs, economic development specialists and
policymakers develop strategies for improving the housing markets in
their specific regions

Reflect crucial lessons learned in the housing bubble and bust

The authors begin by explaining how housing financial products,
services and institutions evolved through the 19th century, World War I,
the Great Depression, World War II, and beyond - culminating in the
post-1970s era of securitization. Next, they assess housing finance
systems in mature economies during and after the recent crisis,
highlighting benefits and risks associated with each widely used
mortgage funding structure and product. They also assess current housing
finance structures in emerging economies such as Brazil, Russia, India
and China.